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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Broken_Clock who wrote (47334)	12/14/2005 4:31:44 PM
From: benwood	Read Replies (1) \| Respond to of 110194

To me, it's pretty simple. As long as people spend beyond their means, they'll elect politicians who spend beyond our collective means. When individuals believe they must be personally and completely accountable for their own fiscal well being, they'll start voting for candidates who want to balance the budget and lead the next generation towards possible prosperity rather than certain poverty. With the youngest generation already being dubbed "The Entitlement Generation," it doesn't seem like there will be a social epiphany any time soon. I believe massive economic pain will be experienced prior to anything resembling a grasp of reality appears on the social map, and at the present time, I believe the denial leading up to this [re]awakening of social responsibility (to our own and to future generations) is so extreme that the pain will be extraordinary. Prior to that point, or at that point, there will be death rattle in which preposterous and far reaching plans will be uncorked to keep society (ourselves) from drowning, such as seizing precious metal bullion and taxing assets, in a vain effort to keep the scam going. But amazingly, the elite with funds in the bahamas will skip town without so much as a need for a bandaid.